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Mortgage and Lending - FAMILY HOME LOANS
The Mortgage World Updates.....
RECENT BLOG POSTS
  The March Jobs Report is in - a whopping 80,000 jobs were lost in March making it the worst report in 5 years.  The unemployment rate ticked up from 4.8 to 5.1% and projections were at 5.0%.  Because of this negative news, bonds are currently up +44 basis points.  The rate for a No Money Down, ...
04/04/2008
Have you ever been involved in a bidding war on Ebay and you're getting down to the last minute of bidding........you have the best bid.....and just when you're about to win the product.......you accidentally kick your plug and your computer shuts off.  "NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!" is w...
03/31/2008
.....believe it or not, it's NOT Michigan.  I keep telling my agents, "as bad as it seems here, there's always something worse out there!"  So hang in there folks....it WILL get better!Below is the link from a 60 MINUTES story on the Foreclosure Capital of the U.S!(Cut and paste this link into yo...
01/28/2008
.....AND THROW IT IN THE TRASH!!!I have been in the mortgage business for 9.5 years now and I feel like a brand new Loan Officer.  In the state of Michigan, Fannie Mae has ruled that MOST of our state is considered an area of "declining markets."  They say MOST of the state of Michigan is but I h...
01/25/2008
GOOD WEDNESDAY AFTERNOON!No lack of volatility in the market today!  Mortgage bonds opened up relatively flat at -3 basis points and over the last few minutes, they have dropped down to -16 so we may see a little bit of a rate increase.  As of this morning's rate sheets, we could've  squeezed a 3...
01/16/2008
THE ELASTIC WAISTLINE PANTS ARE READY FOR TOMORROW!!!Volatility continues in the Bond Market.  Currently, bonds are up a whopping +38 basis points so we're enjoying this news.  As of today, we are offering 30-year fixed at 6.375% with NO points and we will advise to "float" your interest rate to ...
11/21/2007
LOCK 'EM IF YOU GOT 'EM!Welcome to our roller coaster ride!  Yesterday's update ended with a "floating" stance because bonds closed out the day at +25 points....so, of course, we thought rates would get better.  Right out the gate this morning, bonds opened up at roughly -22 basis points so they ...
11/20/2007
  2 MORE FULL DAYS BEFORE THE BIG 'STUFF YOURSELF TILL YOU CAN'T STUFF NO MORE' DAY!I, for one, will be hitting the gym extra hard this week in anticipation of Thursday's feast!  Is it bad when you're working out and you're thinking of what you're going to eat later on that day?  hahahah :)  OK.....
11/19/2007
TGIF!!!!!Well, it's the Friday before the Thanksgiving holiday so I think I can officially turn my holiday lights on outside :)  Oh you just KNOW I had them up last weekend!  I just thought it was a little early for me to turn them on.....but now....I'm good! :)Closing out the work week.....On th...
11/16/2007
GOOD THURSDAY AFTERNOON!!!ONE MORE WEEK TILL THANKSGIVING?!?!?!?!??  How this year is flying by! I hope everyone is having a FANTASTIC day.  Yesterday's temperature was a beautiful 55'ish...and today is a cold, rainy, snowy mix at 30 degrees.  WELCOME TO MICHIGAN!Mortgage Bonds are trading higher...
11/15/2007
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